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Sustainability


Supply Chain Management


When collaborating with our suppliers, trust and transparency are key to reducing social, ethical and environmental supply chain risks.

What we do

We have established a Sustainability Audit System and work closely with our suppliers whenever they are looking to advance their path towards sustainability.

Supplier Code of Conduct

We expect our suppliers to adhere to the principles laid out in our Supplier Code of Conduct. It includes our principles on human rights, fair working conditions, environmental protection, bribery and corruption, as well as anti-competitive behavior. It also requires our suppliers to focus on and avoid climate-related risks.

  • We consider social, ethical and environmental criteria in all purchasing decisions.
  • TK Elevator released an updated version of its Supplier Code of Conduct in 2021.
  • We expect all of our suppliers to adhere to the principles laid out in the Supplier Code of Conduct.

Sustainability Auditing System

We conduct an annual assessment of the potential risks in our supply chain, as they relate to social, environmental and ethical compliance. Based on this analysis, we select suppliers for our Sustainability Audit System. Following the results of these audits, we agree with our suppliers on a corrective action plan and monitor its implementation.

  • Our aim is to reduce supply chain risks and to foster the ongoing relationships with our suppliers by finding solutions rather than terminating these relationships.
  • We conducted 20 audits in 2020/2021 and plan to double this effort in 2021/2022.

Dialog with our suppliers

TK Elevator engages in continuous dialog with our suppliers to identify opportunities for improving our relationships and to deliver on our sustainability commitments. We regularly host “supplier days” in our operations across the globe. These events promote trust and transparency and foster a common understanding of priorities as we move forward.

  • Having a continuous and open dialog will help us to fulfill our sustainability commitments.
  • Promoting trust and transparency helps us to improve relationships and reduces supply chain risks.
  • We have been recognized by CDP as a “Supplier Engagement Leader 2021” for taking action to measure and reduce environmental risks within our supply chain.

Our Commitments

  • We monitor compliance with our Supplier Code of Conduct through our Supplier Sustainability Audit System.
  • We operate a “zero tolerance” policy for corruption and antitrust violations.
  • We aim at improving relations and our ability to fulfill our sustainability commitments by having a continuous, open dialog with our suppliers.